The Atlanta Fed’s GDPNow…

by Jim Colburn • Wednesday, May 16, 2018

The Atlanta Fed’s GDPNowcast for 2Q is at +4.1%:

While prone to significant revisions the Nowcast gives us a sense of how an economic data point (in this case, retail sales) might effect GDP:

“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 4.1 percent on May 15, up from 4.0 percent on May 9. The nowcast of second-quarter real personal consumption expenditures growth ticked up from 3.0 percent to 3.1 percent after this morning’s retail sales release from the U.S. Census Bureau.”

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